Busy Ming Buzzes Investors With China's Love Of Budget Snacks

Quick Summary:

The snack store operator has filed for a Hong Kong IPO, using steep cost controls to offer up cheap eats in less affluent smaller cities

Key Takeaways: Busy Ming has filed to list in Hong Kong, luring customers in smaller cities to its snacks with a constantly changing mix of cheap products

The snack shop operator's revenue increased ninefold between 2022 and 2024 as it expanded aggressively, but its gross margin was ultra-thin at just 7.6% last year If China's pricey Michelin-starred restaurants have suffered during the current economic downturn, then the opposite is true for discount snacks, especially in the nation's smaller cities.

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Article Details

Author / Journalist: Bamboo Works

Category: InvestingBusiness

Markets: United StatesChinaHong KongTaiwan

Topics: Asia Equities Benzinga Contributors Opinion IPOs

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-05-08 @ 12:17:00 (19 hours ago)

News Timezone: GMT +8:00

News Source URL: benzinga.com

Language: English

Article Length: 1187 words

Reading Time: 7 minutes read

Sentences: 52 lines

Sentence Length: 23 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Benzinga

News ID: 28494308

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